Today’s Nifty Prediction – January 30, 2023: Refrain from trading

Vikshita Vitthal Gujaran in Stock Market Update

30-Jan-2023 11:43 AM

Today’s Nifty Prediction – January 30, 2023: Refrain from trading

Indian benchmark indices – the Nifty 50 (17,615) and the Sensex (59,375) – have witnessed a very volatile beginning to the week.
As it stands, both indices are now trading near last week’s close.
Among the major indices, Nikkei 225 (27,360) and ASX 200 (7,490) are down by 0.1 per cent each whereas Hang Seng (22,420) and KOSPI (2,455) are down 1.2 per cent each.
Also read Markets may see increased volatility ahead of Budget, US Fed decision The contract is experiencing huge volatility now.
The risk-reward ratio is unfavourable for both long and short positions.

Source- https://www.thehindubusinessline.com/portfolio/technical-analysis/todays-nifty-prediction-january-30-2023-refrain-from-trading/article66449259.ece